Quote from: SmartGold01 on Today at 08:25:08 PM

Quote from: JayJuanGee on May 06, 2024, 11:44:11 PM

Quote from: SmartGold01 on May 06, 2024, 05:30:55 PM

Quote from: JayJuanGee on May 06, 2024, 02:56:35 PM

Quote from: SmartGold01 on May 06, 2024, 10:37:34 AM

This is the main reason they said market is volatile and anything can happen at any given point but how do you control it as an investors or trader, is to have it parted after securing your profit for the maintime. What i mean is that if you buy a coin worth of 300$ and immediately in pump to 500$ first you sell your of 300$ and take profits leaving your 200$ gambling with. Then if you just buy and market declining what to do is don't panic keep accumulating more and more then you would see that when the market bounces back then you have double of what you had invested earlier.

You will likely do much better if you have some kind of a long term plan in regards to bitcoin, and sure if you cannot resist but to gamble and/or trade with you bitcoin, make sure that you are not gambling/trading with more than 10% of your bitcoin - while at the same time, don't be cheating by continuing to dip into your main stash of bitcoin when you are losing the 10% that you are fucking around with. There are ways to discipline yourself with limits but also to potentially still gamble/trade within such limits.

Usually If is me I would keep accumulating without even selling or having to take any profits knowing too well that we haven't achieved this year ATH.

This year we already had several new ATHs between $69k and $73,794, so are you waiting for more?

If you are merely waiting for a new ATH, then how are you going to know that it is enough? and why would you necessarily hold your value in dollars rather than holding your value in bitcoin?

Yes you are correct we have already achieve new ATH for the year 2024 but there are more chance to achieve more although this is on base that positive news comes up then it would really effect the market so easily. Though since we had already achieve ATH for year which the price touches $73k was at a cause of the ETF approval which many of us knew about it that was why it seems that bitcoin didn't follow it's historical data, because usually when halving passes the next is to carefully monitor the market while we gradually moved to the next year to achieve a new ATH.

I don't think Bitcoin reaching the ATH or creating new ATH should influence our investment plan because so long as the intention of the investors is for a long term holding those things will not be considered as a factor, it obvious that in a time to come Bitcoin price will rise beyond our expectations, so we can make all the assumptions we want but if people are not able to accumulate while they can they will end up not partaking what the future will holds for Bitcoin so perhaps right now it doesn't matter if the Bitcoin will create another ATH but what matters now is how consistent you should be on the Bitcoin accumulation.